Annual Payment Amount definition

Annual Payment Amount shall have the meaning set forth in Section 2.7(c).
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Annual Payment Amount means the amount paid directly by the municipality to the board of education under Section 2 of this agreement.
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Annual Payment Amount means any payment made by the Buyer to the Sellers in a calendar year under Section 2(b)(ii) of this Agreement.
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Examples of Annual Payment Amount in a sentence

  • Notwithstanding the foregoing, in the event the Company fails to make any Annual Payment Amount under Section 2(b)(ii) of the Stock Purchase Agreement, and said nonpayment continues for a period of greater than sixty (60) days after receipt by the Company of written notice of default from one or more of the Sellers (as defined in the Stock Purchase Agreement), the provisions of this Section 7 shall be void and of no further force and effect.

  • Except in the cases of fraud, gross negligence or intentional misconduct ASL’s aggregate liability to Reliant under this Agreement for any calendar year during the term of this Agreement shall not exceed the net amounts paid by Reliant (amounts paid less the Annual Payment Amount rebated) under Section 2.7 above with respect to that calendar year.

  • If the Annual Payment Amount is less than zero ($0.00), ASL shall credit Reliant that entire amount by way of a volume rebate in Kgs (the “Volume Rebate”) in the next invoice to Reliant for purchases.

  • Withdrawals made before your (or your Successor Owner's if later) [59 1/2th] birthday do not affect your Guaranteed Annual Payment Amount, except as described in this Section under "Income Base".

  • Neither the exercise or consummation of a ▇▇▇▇▇▇▇▇ Sale Call Option, nor any Liquidation of the Company following a ▇▇▇▇▇▇▇▇ Sale Call Option Closing, nor the termination of any Transaction Document pursuant to Section 17.03(a) shall affect ▇▇▇▇▇▇▇▇’▇ rights to receive (a) the ▇▇▇▇▇▇▇▇ Annual Payment Amount pursuant to the Purchase and Sale Agreement, and (b) any Royalty pursuant to the Royalty Agreement.


More Definitions of Annual Payment Amount

Annual Payment Amount means the amount paid directly by the City of
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Annual Payment Amount has the meaning set forth in the Call Agreement.
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Annual Payment Amount means the payment made to the Sellers based upon meeting or exceeding benchmarks for Revenues as defined in
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Annual Payment Amount means the amount paid directly by the Village to the School District under Section 2 of this Agreement.
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Annual Payment Amount means the payment made to the Sellers based upon meeting or exceeding benchmarks for Revenues as defined in §3(b)(iii) below.
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Annual Payment Amount set forth in the table above shall be paid in four installments, each in an amount equal to 25% of the applicable Annual Payment Amount for the relevant period. The first such installment payment for the first Annual Payment Amount set forth in the table above shall be made by Buyer on the First Installment Date, and the first installment of each subsequent Annual Payment Amount shall be made on the applicable anniversary date of the First Installment Date with respect to such Annual Payment Amount as set forth in the table above, and the second, third and fourth installments for each Annual Payment Amount shall be made on the 90th day, 180th day and the 270th day, respectively, after the first installment for such Annual Payment Amount is due (each such installment payment date, an “Annual Option Payment Date”); provided that at Buyer’s election during each of the first two years of Annual Option Payments, up to two Annual Option Payment installments (including, for the avoidance of doubt, the first Annual Option Payment installment for the first Annual Payment Amount set forth in the table above) in any twelve month period may be paid by delivery by Buyer to Seller of an unsecured promissory note, in form and substance reasonably satisfactory to Seller (the “Promissory Note”), having a principal amount equal to the applicable Annual Option Payment installment, bearing ten and one half percent (10.5%) interest per annum, and shall mature and become due and payable on the earlier of the Call Closing or the termination of this Agreement if the Annual Option Payment installment applicable to such note would be payable in connection with the termination, in accordance with and subject to
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Annual Payment Amount means the amount paid directly by the City to the Board under
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